"Auga group's loss triples to EUR 10 million last year

The net loss of „Auga group“, one of the largest organic food producers in the Baltic States, which is undergoing financial restructuring, fell by 3.3 times to EUR 9.99 million last year.

„This (loss reduction – BNS) reflects the first full year of focused restructuring and performance improvement“, – the group said on the „Nasdaq“ Vilnius Stock Exchange.

The Group's earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 9.99 million at the time (EUR 0.08 million in 2024).

„The return to gross profitability, the significant growth in EBITDA and the successful sale of „Baltic Champs“ confirm that our restructuring plan is working. The dairy segment remained our pillar – it is profitable for the second year in a row“, – said Kęstutis Juščius, Chairman of the Group's Board of Directors, in a statement. 

The Group is expected to continue the implementation of its restructuring plan this year, focusing on crop production, dairy and consumer goods. Biomethane production will also continue.

The group said that the geopolitical environment remains an important factor shaping the outlook for costs and earnings this year.

„Ongoing global tensions have contributed to rising fuel and fertiliser prices, which are driving up commodity prices across the agricultural sector and impacting the Group's production cost base. At the same time, commodity prices, including those for cereals and other agricultural products, have also risen and, if this continues, will have a positive impact on income from the sale of crops," the report said.

„The balance between these two dynamics is currently unclear, with rising costs shaping the unfavourable context, while higher commodity prices are creating potentially favourable opportunities“, – it said.

The impact of the geopolitical situation on the financial results will become clearer after the harvest in the second half of 2026, when both the cost structure and the final selling prices will be better known, the group said.

„Auga group“ revenue in 2025 was €51.48 million – down 7% on 2024, driven by the crop segment – its revenue declined 20.8% to €28.25 million, with a gross loss of €1.2 million (€10.48 million a year earlier &ndash). This was due to a reduction in the area under cultivation and a lower total yield.

Dairy revenues grew by 21% to €19.48 million, gross profit by 16.6% to €5.97 million, the second profitable year in a row.

Revenues in the FMCG segment grew by 5% to €3.75 million and gross profit by 40% to €0.59 million.

„Auga group“'s board of directors proposes to pay no dividend for the previous year. Shareholders will decide on this on 22 May. They will decide on a total distributable loss of €18.6 million, all of which is proposed to be carried forward to the following year. 

As BNS reports, after Auga Group's shareholders and creditors approved the restructuring plan in August last year, it was approved by the Vilnius Regional Court in September. By the end of 2029, „Auga Group“ expects to fully settle its financial obligations, reducing its debt from EUR 83.4 million to zero.

„Auga Group“ sold its mushroom business „Baltic Champs“ at the beginning of this year to the Latvian-owned Mhitarjanai family company „Global Champs“ for EUR 8.46 million. According to the announcement, the sale of this business reduced financial liabilities by EUR 11.6 million.

At the end of the year, the Group employed 937 people.